Oil royalty and mineral companies Sitio and Brigham merge for $4 billion

Site royalties corp. and Brigham Minerals Inc. has reached an agreement to merge to form one of the largest publicly traded mineral and royalty companies in the United States, valued at about $4 billion, the companies said Tuesday.

The agreement is one of the biggest ties in the oil patch this year, and comes at a time of high oil prices intensified by Russia’s invasion of Ukraine.

Source link

Back to top button